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Prime Minister Narendra Modi inaugurated the Chenab Bridge, the world's highest railway arch bridge, on June 6, 2025, as part of the Udhampur-Srinagar-Baramulla Rail Link Project in Jammu and Kashmir. This ambitious project, initiated in 1997, took nearly 28 years to complete, with the first section between Jammu and Udhampur operational since April 2005. The rail link has been developed in phases, with significant milestones including the Anantnag-Mazhom link in 2008 and the Mazhom-Baramulla link in 2009. The Modi government focused on completing the crucial Banihal to Katra section, which was achieved in two phases, enhancing connectivity in the region. The project features challenging infrastructure, including the 12.75 km long Banihal-Sangaldan tunnel and the iconic Chenab and Anji bridges, marking a significant advancement in India's railway network and regional connectivity. 
Published: Jun 07 2025, 10 ameznews.inCanadian Prime Minister Mark Carney has emphasized the importance of including India in discussions at the upcoming G7 summit, citing its status as the fifth largest economy and a key player in global supply chains. Carney's remarks follow criticism from political opponents regarding his invitation to Indian Prime Minister Narendra Modi, amid ongoing investigations into alleged Indian involvement in the 2023 killing of Khalistani separatist Hardeep Singh Nijjar. Modi accepted the invitation during a recent phone call, and the summit, hosted in Alberta from June 15 to 17, will address critical issues such as energy security and infrastructure partnerships. Carney refrained from commenting on the Nijjar case, noting that legal proceedings are ongoing, but highlighted the resumption of law enforcement dialogue between India and Canada. The invitation comes as both nations seek to mend relations strained by previous allegations and diplomatic expulsions.
Published: Jun 07 2025, 6 pmeznews.inChina's recent export restrictions on rare earth magnets, essential components for various electronic devices, are raising concerns across multiple industries, particularly the automotive and electronics sectors. While companies currently have a two-month stockpile, prolonged restrictions could disrupt production cycles for smartwatches and true wireless stereo (TWS) earbuds, which rely on these magnets for functionalities like vibration alerts. Analysts note that China dominates the market, controlling 70% of global rare earth element mining and 90% of production. Although the immediate impact on smartwatches appears limited, potential shortages could lead to increased prices as demand outstrips supply. In India, smartwatch sales have already seen a 33% year-on-year decline in Q1 2025, attributed to reduced demand in the budget segment and inventory adjustments. Despite this, Noise retains market leadership, while Titan has gained ground, moving to third place with a 7% year-on-year shipment growth.
Published: Jun 07 2025, 5 pmeznews.inThe Central Consumer Protection Authority (CCPA) has issued an advisory to e-commerce platforms in India, urging them to eliminate deceptive practices known as "dark patterns." These practices, which manipulate consumer decision-making, have prompted the CCPA to recommend that platforms conduct self-audits within three months to identify and rectify such issues. Following these audits, platforms are encouraged to provide self-declarations affirming their compliance with the guidelines. The CCPA has also issued notices to certain platforms found in violation of these regulations. To further address the issue, the Department of Consumer Affairs has established a Joint Working Group (JWG) to monitor dark pattern violations and promote consumer awareness. The guidelines, introduced in 2023, outline 13 specific dark patterns, including false urgency and subscription traps, as part of the government's ongoing efforts to enhance consumer protection in the digital marketplace.
Published: Jun 07 2025, 3 pmeznews.inIndia's agricultural sector has experienced a significant transformation over the past 11 years, driven by government initiatives and increased funding, positioning the country as a global agricultural leader. Under Prime Minister Narendra Modi's leadership, the budget for the Department of Agriculture and Farmers' Welfare surged from ₹27,663 crore in 2013-14 to ₹1,37,664.35 crore in 2024-25, nearly a fivefold increase. Foodgrain production rose from 265.05 million tonnes in 2014-15 to an estimated 347.44 million tonnes in 2024-25. The government has also raised minimum support prices (MSP) for key crops, with wheat prices increasing from ₹1,400 to ₹2,425 per quintal. The PM-KISAN scheme has disbursed ₹3.7 lakh crore to over 110 million farmers, while procurement of pulses and oilseeds has seen substantial growth. The focus on modern irrigation, credit access, and agri-tech innovations, alongside traditional practices, aims to empower farmers as India seeks to enhance its global food leadership.
Published: Jun 07 2025, 3 pmeznews.inThe GST Administration has announced that, starting July 2025, taxpayers will be barred from filing any GST returns due on or before June 20, 2022, as part of a new three-year filing window mandated by the amended CGST Act. This includes returns such as GSTR-1 and GSTR-3B, which will become non-editable from July 2025, aiming to reduce revenue leakages. The Finance Act 2023 stipulates that returns cannot be filed after three years from their due date, prompting taxpayers to reconcile and submit any outstanding returns promptly. Rajat Mohan, a senior partner at AMRG & Associates, emphasized that this change could significantly affect those with pending filings due to litigation or oversight, potentially leading to the permanent loss of Input Tax Credit. Additionally, from July 2025, auto-populated liabilities in GSTR-3B will be non-editable, although amendments can be made through GSTR-1A before filing GSTR-3B.
Published: Jun 07 2025, 2 pmeznews.inIndonesia is poised to conclude its long-standing free trade negotiations with the European Union by the end of June 2025, according to Chief Economic Minister Airlangga Hartarto. Following a meeting with EU Commissioner for Trade Maros Sefcovic in Brussels, Hartarto announced that both parties are ready to resolve outstanding issues, although specific details of any agreements remain undisclosed. The EU is Indonesia's fifth-largest trade partner, with bilateral trade reaching $30.1 billion last year, resulting in a $4.5 billion trade surplus for Indonesia. However, negotiations have faced challenges, particularly regarding EU regulations on products linked to deforestation, which impact Indonesian palm oil exports, and Jakarta's ban on raw mineral exports. As Indonesia seeks to diversify its export markets amid US tariff pressures, the urgency to finalize the EU trade deal has intensified.
Published: Jun 07 2025, 2 pmeznews.inForeign portfolio investment (FPI) in India's energy sector has faced significant challenges over the past two years, primarily due to delays in signing power purchase agreements (PPAs) and stalled power evacuation projects, according to the International Energy Agency (IEA). While domestic sources largely fund India's power generation and transmission, foreign direct investment (FDI) has surged to $5 billion in 2023, nearly double pre-pandemic levels, aided by policies allowing 100% FDI in most electricity generation sectors. However, high financing costs—80% above those in advanced economies—along with risks related to land acquisition and distribution companies' (Discoms) unpaid dues, which exceeded $9 billion as of March 2025, have deterred FPI. The IEA noted that tendering activity for renewables has weakened significantly, with only 9 new tenders issued in Q1 2025, an 88.2% drop year-on-year, largely due to the backlog of unsigned agreements and rising under-subscription of renewable energy projects.
Published: Jun 07 2025, 1 pmeznews.inFast-moving consumer goods (FMCG) companies have reported a lackluster performance in the fourth quarter of FY25, primarily due to ongoing weakness in urban markets, which account for 50-60% of total sales. A report by Axis Securities attributes this slowdown to reduced discretionary spending, slow wage growth, high interest rates, and rising costs of living, compounded by increased competition from direct-to-consumer brands and quick-commerce platforms. Conversely, rural markets are showing signs of recovery, bolstered by easing inflation and higher government spending. Despite current challenges, FMCG companies remain optimistic about a rebound, anticipating improved volume growth in the next 1-2 quarters, with a more significant recovery expected in the second half of FY26, driven by lower inflation, potential interest rate cuts, and favorable monsoon conditions. However, gross margins are under pressure due to rising raw material costs, limiting short-term EBITDA margin improvements.
Published: Jun 07 2025, 12 pmeznews.inThe Reserve Bank of India (RBI) has announced a significant 50-basis-point cut in the repo rate, reducing it to 5.50%, alongside a phased reduction in the Cash Reserve Ratio (CRR) from 4% to 3%. This move is projected to inject approximately ₹2.5 lakh crore into the economy by November, enhancing lending capacity and supporting medium-term economic growth. Key sectors such as banking, non-banking financial companies (NBFCs), real estate, and automobiles are expected to benefit from lower borrowing costs, fostering stronger credit flow and improved demand. The report from Nexedge Research highlights a favorable economic environment characterized by low inflation, which is currently near the lower end of the RBI's target range, and declining money market rates. This combination of monetary easing and benign inflation is anticipated to bolster both equity and bond markets, creating a positive outlook for investors and further momentum for India's economic expansion.
Published: Jun 07 2025, 11 am
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